4 paid $700 due for supplies previously purchased on account.
Cash account affected (Asset)
Accounts Payable affected (Liability)
7 Performed advisory services on account for $6,800.
Accounts Receivable affected (Asset)
Service Revenue affected(Equity)
8 Purchased supplies for $850 on account.
Supples affected (Asset)
Account Payable affect (Liability)
9 Purchased equipment for $1,000 in cash.
Equipment (Asset)
Cash (Asset)
17 Paid employees $530 in cash.
Payroll (Equity)
Cash (Asset)
22 Received bill for equipment repairs of $900.
Repair expense (Equity)
Account Payable (Liability)
29 Paid $1,200 for 12 months of insurance policy.
Coverage begins June 1
Prepaid rent (Asset)
Cash (Asset)
